Taxability on Dividend received by resident individual of Rs. 12,00,000 in the P.Y. 2018-19
6 Replies
Kapadia Pravin
(17259 Points)
Replied 03 September 2019
Exempt upto 10 lakhs.
And 2 lakhs taxable in your return
And 2 lakhs taxable in your return
Priya Kashyap
(Student)
(7053 Points)
Replied 03 September 2019
u/s 115BBDA , DIVIDEND FROM DOMESTIC COMPANY ----2,00,000 TAXABLE @ 10%
UPTO 10 L FULLY EXEMPT
UPTO 10 L FULLY EXEMPT
Chinmoy Dey
(67 Points)
Replied 03 September 2019
u/s 115BBDA Dividend income from domestic company is exempt upto Rs. 10 lakhs, but is taxable over Rs. 10 lakhs @ 10%, under the head " Income from Other Sources" .
sabyasachi mukherjee
(27574 Points)
Replied 03 September 2019
This section was introduced w.e.f. 01.04.2017.
In order to remove the suspiciousness of Individuals , companies earning huge dividends and in order to boost more persons investing in these capital asset.
In order to remove the suspiciousness of Individuals , companies earning huge dividends and in order to boost more persons investing in these capital asset.
srinivasulu k
(accountant)
(28 Points)
Replied 03 September 2019
dear all
when companies are paying dividends after PAT, it means that amount is already suffered with tax. Why an individual need to pay tax on dividends. Is not doubling the tax.
Priya Kashyap
(Student)
(7053 Points)
Replied 03 September 2019
@ srinivasulu
There is no scope of double taxation except where dividend received from a foreign company which is taxed in India and that country too...here taxpayer can claim DOuble taxation relief
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